As third line of defense, Internal Audit is testing the operating effectiveness of control activities embedded in business operations. These tests are formalized in audit reports stored in the GRC Suite and linked to processes.
Grace Connect Internal Audit provides a centrally managed repository of audit reports and their related audit findings and recommendations.
In conjunction with the powerful and dynamic Grace Connect Task tracking module, users are able to monitor the effective implementation of audit recommendations.
Furthermore, the Grace Connect Event tracker allows to anticipate all upcoming delivery due dates and minimize overdue Audit Findings.